A watershed moment

An often used financial market axiom, reputedly delivered by Mark Twain, states that ‘history doesn’t repeat itself, but it does rhyme’. Whilst the sharp gyrations and turbulence witnessed across financial markets this year are not new experiences, the sheer breadth of asset price declines is one for the history books:

(Source: Bloomberg, TEAM, denotes local currency returns)

TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.

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